Can I drive my own car on a traders policy?
The short answer to the question, can I drive a car on traders insurance, is no. Unless you have a motor trade business, you will not qualify for a traders insurance and cannot drive vehicles that are not registered in your name. However, having a traders insurance is not the same as your personal car insurance.
Can you drive an uninsured car on a traders policy?
To summarise, yes you can drive an uninsured vehicle that was uninsured prior to you driving the vehicle, which is now insured because your motor trade insurance policy details that it is.
What does a motor traders policy cover?
Motor trade insurance covers businesses to work on and drive their customers’ vehicle and vehicles the company owns. That cover may extend to just the business owner, certain members of the team or everyone who works for the business.
Do you have to have motor trade insurance?
If you conduct business in any area of the motor trade, you will need to obtain insurance. Personal car insurance will not cover you if you are involved in an accident while driving a customer’s vehicle, for example, or when driving a vehicle home from an auction that you have purchased and intend to sell.
How old do you have to be for traders insurance?
If you’re 21 or younger, motor trade insurance is not generally available. If you’re 21-23 years old, you can sometimes be accepted for motor trade insurance if you work in servicing or repairing vehicles. You will not be able to get a policy to buy and sell vehicles in the trade.
Do trade plates cover tax?
If you’re a motor trader or vehicle tester, trade licence plates allow you to carry out your business without registering and taxing every vehicle temporarily in your possession. All vehicles must be covered by insurance and have a valid MoT in place, unless they are exempt from MoT requirements.
Do traders have to tax cars?
Trade plates should be used if the vehicle is used on the road for test drives, delivery etc. There is no requirement for a dealer to tax a vehicle in their stock unless they want to use it for example as a staff car.
Can I get motor trade insurance for my car?
While many private, comprehensive car insurance policies used to cover drivers who wanted to drive other vehicles on a third party basis, this is now rarely the case. Some have, therefore, seen motor trade insurance as an easy short-cut that could allow them the flexibility associated with ‘any vehicle’ cover.
What are the different types of motor trade insurance?
There are two types of motor trade insurance policies: road risks or combined. Both provide different levels of cover. We provide motor trade insurance for thousands of motor trade businesses of different sizes. Motor trade insurance is available to anybody who runs a business – for profit – within a motor trade.
What is a specialised motor trade policy?
This specialised policy covers you to drive any vehicles you don’t own but have responsibility for. Quote Me Today is one of the UK’s leading Motor Trade insurance specialists, whether you require a combined policy to cover stock, tools and premises or bespoke insurance for peace of mind.
Is it cheaper to take out combined motor trade insurance?
It may be cheaper to take out combined motor trade insurance rather than a number of separate policies. Employer’s liability – This cover is a legal requirement for any business that employs one or more members of staff, regardless of whether they’re driving vehicles or not and can be added to your standard motor trade insurance policy.